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Reply to "Will you and DH get an inheritance? "
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[quote=Anonymous]My parents and DH’s parents immigrated to this country about 50 years ago from India. My in-laws showed up with several hundred dollars in their pockets and that was it. My parents probably had a little more (or family that they could reach back to) but not much. They had solid middle class earnings and probably lower middle class spending for their entire adult lives. It’s crazy but the end result is that my kids will likely each inherit about $1.5M from their grandparents (some passing through our hands but we truly don’t need it and expect to pass down). Depending on how our health goes, they should expect to see inheritance from us too. And we are comfortably middle class but not crazy wealthy. The most important financial lesson our parents taught us was how to identify needs v wants and the magical power of compound interest. Don’t know how to pass these insights down, especially since we have so much more disposable income, but we are trying. [/quote]
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